VanEck IG Floating Rate ETF
|
- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
VanEck Vectors Investment Grade Floating Rate Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the VanEck Vectors Investment Grade Floating Rate Bond Index. |
Category | Corporate |
Fund Sponsor | Van Eck Associates Corp |
Website | www.vaneck.com |
Inception date | Apr 25, 2011 |
Assets (mns) | $1,347 |
Currency | USD |
Expense ratio | 14 bp |
Distributions | Monthly |
Regulation | Open-End Investment Company |
Custodian | Bank of New York Mellon/The |
Weighting | Market Cap |
Index replication | Optimized |
No. of constituents | 120 |
No of distinct issuers | 70 |
Inflation protected | 0% |
Variable/Fixed coupon | 100% /0% |
Non-standard maturity (callable, etc.) | 65% |
0.0% 6/12/24 | 2.0 % |
0.0% 2/23/23 | 1.5 % |
0.0% 1/24/23 | 1.5 % |
0.0% 9/01/23 | 1.2 % |
0.0% 1/31/23 | 1.2 % |
0.0% 2/11/22 | 1.2 % |
0.0% 7/22/22 | 1.1 % |
0.0% 5/18/24 | 1.1 % |
0.0% 1/24/23 | 1.1 % |
0.0% 11/29/23 | 1.1 % |
TOTAL | 12.9 % |
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JPMORGAN CHASE & CO. | 9.3% |
CITIGROUP INC. | 7.4% |
BANK OF AMERICA CORPORATION | 6.4% |
GOLDMAN SACHS GROUP, INC. | 4.8% |
COMMONWEALTH BANK OF AUSTRALIA | 4.4% |
UNITED STATES | 55.7 % | |
UNITED KINGDOM | 8.3 % | |
AUSTRALIA | 7.2 % | |
CANADA | 4.3 % | |
JAPAN | 4.2 % |
HISTORICAL RETURNS
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
2.5% | 9.8% | 3.3% | 2.5% | 2.1% |
versus... | Beta | R-squared |
---|---|---|
Barclays Agg. Bond | 0.03 | 1% |
S&P500 | 0.02 | 2% |
MSCI EAFE | 0.03 | 7% |
MSCI Emg. Mkts. | 0.03 | 7% |
Recent close | $25.45 |
30d moving avg. | $25.16 |
Annualized volatility | 2.0% |
Short interest (ETF) | 0.3% |
Relative strength (RSI) | 58 |
Avg. volume (thou.) | 678 |
Avg. daily value traded (mns) | $17 |
Turnover | 1.3% |
Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
FLTR | 4.2 yrs | Category Avg.* |
4.6 yrs |
FLTR | 4.2% | Category Avg.* |
4.5% |
Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
+300 bp | 4.63% | -11.2% | $22.59 |
+200 bp | 3.63% | -7.8% | $23.48 |
+150 bp | 3.13% | -5.9% | $23.94 |
+100 bp | 2.63% | -4.0% | $24.43 |
+75 bp | 2.38% | -3.0% | $24.68 |
+50 bp | 2.13% | -2.0% | $24.93 |
+25 bp | 1.88% | -1.0% | $25.19 |
0 bp | 1.63% | 0% | $25.45 |
-25 bp | 1.38% | 1.0% | $25.72 |
-50 bp | 1.13% | 2.1% | $25.99 |
-75 bp | 0.88% | 3.2% | $26.26 |
-100 bp | 0.63% | 4.3% | $26.54 |
-150 bp | 0.13% | 6.5% | $27.11 |
-200 bp | -0.37% | 8.8% | $27.70 |
-300 bp | -1.37% | 13.7% | $28.93 |
*Fund Category: CORPORATE
ALTAR Score™
Calculation of ALTAR Score™ | ||
---|---|---|
Adj. Yield to Maturity | 163 | bp |
Less: Annual "default factor" | 9 | bp |
Less: Expense ratio | 14 | bp |
Equals: ALTAR Score | 1.40 | % |
Average ALTAR Score™ by Category | |
---|---|
Aggregate | 3.6% |
Corporate | 4.5% |
Emerging Market | 6.3% |
Government | 4.7% |
Inflation Protected | 3.0% |
Mortgage | 5.3% |
Municipals | 3.4% |
*Note: The VanEck IG Floating Rate ETF is classified as a Corporate fund. |